Layoffs hit S.F. coding academy that let students ‘pay later’

The San Francisco for-profit coding academy Bloom Institute of Technology plans to
lay off
60 employees by early next year, a filing with the state’s Employment Development Department shows.

TechCrunch first
the layoffs, reporting around half the company’s employees would lose their jobs. The company also went through a round of layoffs last year.

Also called Bloom Tech, the company
changed its name
last year from Lambda School. It did not respond to an emailed request for comment.

The notice to state workforce authorities said the company will permanently lay off employees in a range of roles, from career coaches and curriculum designers, to software engineers and human resources professionals.

The cuts come as the tech industry at large has started making massive cuts as markets and investments trend down. But Bloom Tech has faced a series of
from former students over the quality of its instruction, and repayment plans that some former students say have buried them in debt without placing them into promised lucrative tech careers.

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